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Mayer Brown

1221 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1001, USA
Tel:
Work +1 212 506 2500
Fax:
Fax +1 212 262 1910
Email:
Web:
www.mayerbrown.com

David Duffee

Tel:
Work +1 212 506 2630
Email:
Mayer Brown

Work Department

Finance

Position

David Duffee advises financial institutions in US and cross-border financings, with a particular focus on secured transactions and acquisitions. His finance work has also included international project finance and sovereign and private-sector debt restructuring, including debtor-in-possession financings and work-outs. Investment banks, commercial banks, hedge funds, finance companies, insurance companies and governmental entities are major clients in David’s practice. He also provides transactional counsel to corporate borrowers and to financial advisors. David has served clients as a member of Mayer Brown since 1994.

Education

Columbia Law School, JD 1984, Head Casenote and Comment Editor, Columbia Journal of Transnational Law, Harlan Fiske Stone Scholar; St. Olaf College, BA, magna cum laude 1981, Phi Beta Kappa; National Merit Scholar


Latin America: International firms

Banking and finance

Within: Banking and finance

Mayer Brown continues to impress with its outstanding lender client base, notably in large syndicated financings and acquisition financings, although it remains active across all major product areas. Cornerstone clients include HSBC and Credit Suisse, followed by a range of other lender clients such as Goldman Sachs, Banco Santander, Citibank, Deutsche Bank, Mizuho Securities, SMBC, Scotiabank and The Bank of Tokyo-Mitsubishi UFJ. The firm’s global standing in securitisation and structured finance is also to the fore in Latin America. The Latin America team has an especially strong record in Mexico, Colombia and Brazil and has seen particular growth across Central America. Workouts and restructurings in the oil-and-gas sector have been a particular feature of the Latin America practice. It has taken advantage of greater opportunities for commercial lenders and other sources of finance in Brazil, where it has a strong presence through its alliance firm Tauil & Chequer Advogados in association with Mayer Brown. The firm’s presence in Mexico is also pivotal to its success in Latin America. Chicago partner Debora de Hoyos led the team that advised Goldman Sachs, as lead arranger, on the MXN$8.2bn asset-backed term loan financing provided as part of the financing of Linzor Capital Partners’ $1.1bn acquisition of GE Capital Mexico’s equipment leasing business. In another substantial transaction the team advised The Bank of Tokyo Mitsubishi UFG and Banco Santander on their $200m financing of Colombian energy company Celsia’s acquisition of GDF Suez’s energy businesses in Costa Rica and Panama; this was a refinancing of a 2014 facility. The firm also advised Credit Suisse, as lead arranger and lender, on a $150m loan to Banco Pacifico Voucher Receivables SPV under the merchant voucher securitisation program of Banco del Pacifico. Chicago-based head of the Latin America practice and co-head of the global banking and finance practice, the ‘very smartDouglas Doetschkeeps his clients happy’, has an especially close connection to Credit Suisse and, has a formidable record in structured finance transactions. New York partner David Duffee is widely recognised for his expertise in syndicated lending and acquisition finance with key clients such as HSBC and Scotiabank (Bank of Nova Scotia). New York and Washington DC partner Christopher Erckert is a leader in project finance and Washington DC’s Gabriela Sakamoto is noted for her versatile practice, especially for multilateral agencies, export credit agencies and Credit Suisse. Chicago partner James Patti is at the forefront of diversified payment-rights financings in Latin America. In a noteworthy hire, the firm’s incipient Mexico City office was augmented by the arrival of project finance specialist Ariel Ramos, a former Haynes and Boone, L.L.P. partner.

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United States: Finance

Commercial lending

Within: Commercial lending

Mayer Brown’s ‘overall excellent’ finance team is popular for lender and borrower work, and has well-stocked teams in New York, Chicago, Charlotte and Houston. Jointly led by David Duffee in New York and Douglas Doetsch in Chicago, the firm is strong in several areas, including energy finance, fund finance and Latin American financings (an area where Doetsch has particular expertise). Recent highlights on the lender side include advising the Bank of Nova Scotia, the Bank of Tokyo-Mitsubishi, BNP Paribas, Citigroup Global Markets and HSBC Securities on a $1.5bn loan extension to Sociedad Minera Cerro Verde. Sumitomo Mitsui Banking Corporation is another client, which it advised on a $1.25bn syndicated loan to KKR Asian Fund III. Significant borrower mandates included advising Yum! Brands on a $3.5bn refinancing, and acting for Frontier Communications Corporation on $1.5bn term loan. Other major clients include Plastipak Holdings, Brookfield Real Estate Finance Fund, and the Jordan Company. Key partners include Adam Wolk and the ‘top notch’ Kristin Rylko. The firm recently expanded in New York following the recruitment of Scott Zemser from Allen & Overy LLP.

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